China Minsheng Bank successfully issues RMB40bn in bonds

China Minsheng Banking Corp. (HKEX: 1988) announced the successful issuance of RMB40 billion in "2025 Tier-two Capital Bonds (First Tranche)" following approvals from the National Financial Regulatory Administration and the People’s Bank of China. The bonds, registered and custodied with Shanghai Clearing House, were book built on April 23, 2025, and the issuance completed on April 25, 2025. These bonds have a 10-year term with a fixed interest rate and a coupon rate of 2.35%. The issuer retains the right to redeem the bonds under specific conditions at the end of the fifth year. The proceeds are earmarked to replenish the bank’s tier-two capital and enhance its capital adequacy ratio, in accordance with applicable regulations.